What is the Potential of Coworking Spaces in India
With JLL India suggesting the growth of coworking spaces in India by 50%, what do the experts actually think about Coworking Offices? Coworkers in India are above 15.5 Million in 2017. Explore the real value and potential of coworking spaces in India now. We’ve also added the market size of the total potential of coworking spaces in India!
Value and Potential of Coworking Spaces in India
From freelancers to open work enthusiasts, there is a booming trend of people choosing coworking offices in India. Many entrepreneurs have started from the Coworking offices that saved initial investment costs. Explore the real value and potential of coworking spaces in India in the next ten minutes to decide whether shared offices is right for your business!
1. Ideal for Startups and Small Businesses
When you choose a coworking office as a startup, you save hundreds and thousands of rupees too. Coworking offices, also called plug and play offices are excellent for small-scale businesses as it offers leverages in GST to investment costs.
You don’t have to start from scratch when you rent coworking office space for your business. Moreover, startups don’t need to hire cleaning and service staff when commercial renting shared offices.
2. Cost Efficient and Saving
In the long run, shared offices in India will help you save money as it charges per head rate for companies. You don’ need to build or maintain your office and its bills. There are many startups such as 91Springboard and LetReach who began with coworking offices in India and made a big fortune.
Sharing the office space also offers lucrative plans to save on amenities and facilities such as mail handling and reception services too.
3. Mutually Beneficial for Companies
When you work in a coworking office space, it is easier to find like-mind entrepreneurs who can help you expand the business or startup. From hiring quality human resources to alleviating problems quickly, the potential of coworking offices is high in Bangalore right now.
Moreover, small scale businesses and staff of private companies are opting out of the work-at-home scenario to choose an office space they like. Coworking offices even offer the ambiance of corporate offices like that of IBM and Google or Amazon.
4. Market Size
With about 15.5 Million market size, the co-worker strength of India will make it one of the top five coworking hubs in the world by the end of 2018. Statistics show Freelancers occupy 1.54 Million of these, followed by Startups at 0.1 Million and SMEs at 1.54 Million. The crucial market of coworking in India comprises of Enterprise clients at 10.30 Million!
In short, the market size of shared offices in India shows the potential of coworking offices!
The Real Estate Expert Says …
From the investment value and innovations set for 2018, coworking offices in India are set to grow exponentially in 2018. We have outlined the total market prices and advantages of choosing coworking offices. Experts say the potential of coworking offices will double by the end of the year. Ready to choose your coworking office?